Hull based Tucker Mechanical & Electrical Building Services went into administration owing its supply chain £4.7m.

Documents filed at Companies House by administrator Exigen Group reveal the scale of debt at the £25m turnover specialist which had been in business since 1973 and also had a regional office near Birmingham.

Documents in the report stated that Tucker “heavily” relied on subcontractors after cutting directly employed staff to cut operating costs.

The firm ran into financial trouble when one of its largest clients delayed payments on a number of projects.

So far more than 220 subcontractors and suppliers have been identified with debts of £4.7m with little likelihood of firms receiving anything for their unpaid invoices.

The assets of the company were sold for £55,000 to a former director.